Sundar: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Sundar
Largest movements
- Receivables within one year +€5,611
up €5,611 (+791.3%), from €709 to €6,320
of which Trade receivables: +€5,611
- Tangible fixed assets +€3,239
up €3,239 (+69.2%), from €4,684 to €7,923
- Deferred charges and accrued income -€908
down €908 (-76.7%), from €1,184 to €276
- Cash +€584
up €584 (+29.5%), from €1,983 to €2,567
mainly Net result for the year (+€7,196) and Depreciation (+€2,200)
- Intangible fixed assets -€466
down €466 (-59.3%), from €785 to €319
- Profit (loss) carried forward +€7,196
up €7,196 (+4.8%), from -€149,316 to -€142,120
- Other debts +€1,321
up €1,321 (+1.0%), from €128,885 to €130,206
- Trade debts -€1,060
down €1,060 (-21.7%), from €4,891 to €3,831
- Tax, wage and social debts +€603
up €603 (+156.9%), from €385 to €988
- Gross operating margin +€33,221
up €33,221, from -€21,932 to €11,289
- Depreciation -€2,140
down €2,140 (-49.3%), from €4,340 to €2,200
- Other operating charges +€935
up €935 (+174.8%), from €535 to €1,470
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,844 | €17,905 | +€8,060 | +81.9% |
| Fixed assets | 21/28 | €5,968 | €8,742 | +€2,773 | +46.5% |
| Intangible fixed assets | 21 | €785 | €319 | -€466 | -59.3% |
| Tangible fixed assets | 22/27 | €4,684 | €7,923 | +€3,239 | +69.2% |
| Furniture and vehicles | 24 | €4,684 | €7,923 | +€3,239 | +69.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €3,876 | €9,163 | +€5,287 | +136.4% |
| Amounts receivable within one year | 40/41 | €709 | €6,320 | +€5,611 | +791.3% |
| Trade receivables | 40 | €709 | €6,320 | +€5,611 | +791.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,983 | €2,567 | +€584 | +29.5% |
| Deferred charges and accrued income | 490/1 | €1,184 | €276 | -€908 | -76.7% |
| Total equity and liabilities | 10/49 | €9,844 | €17,905 | +€8,060 | +81.9% |
| Equity | 10/15 | -€124,316 | -€117,120 | +€7,196 | +5.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,316 | -€142,120 | +€7,196 | +4.8% |
| Amounts payable | 17/49 | €134,160 | €135,025 | +€865 | +0.6% |
| Amounts payable within one year | 42/48 | €134,160 | €135,025 | +€865 | +0.6% |
| Trade debts | 44 | €4,891 | €3,831 | -€1,060 | -21.7% |
| Suppliers | 440/4 | €4,891 | €3,831 | -€1,060 | -21.7% |
| Taxes, remuneration and social security | 45 | €385 | €988 | +€603 | +156.9% |
| Taxes | 450/3 | €385 | €988 | +€603 | +156.9% |
| Other amounts payable | 47/48 | €128,885 | €130,206 | +€1,321 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,340 | €2,200 | -€2,140 | -49.3% |
| Other operating charges | 640/8 | €535 | €1,470 | +€935 | +174.8% |
| Gross operating margin | 9900 | -€21,932 | €11,289 | +€33,221 | |
| Operating profit (loss) | 9901 | -€26,807 | €7,619 | +€34,426 | |
| Financial income | 75/76B | €10 | €0 | -€10 | -100.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100.0% |
| Financial charges | 65/66B | €179 | €231 | +€52 | +28.8% |
| Recurring financial charges | 65 | €179 | €231 | +€52 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,976 | €7,388 | +€34,365 | |
| Income taxes | 67/77 | €183 | €192 | +€9 | +5.1% |
| Profit (loss) for the period | 9904 | -€27,159 | €7,196 | +€34,355 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,159 | €7,196 | +€34,355 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.